7203 - IRON AND STEEL, Ferrous - EU Trade

Extra-EU sourcing of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms is highly concentrated. 🇷🇺 Russia captures 46.7% of imports (€1.6B), followed by 🇺🇸 United States (19.5%). With an HHI of 2883, this Concentrated market exposes the EU to supply dependency risks.

European exports of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms are concentrated on a few markets. 🇹🇷 Türkiye accounts for 46.8% (€17.3M), ahead of 🇺🇸 United States (20.8%). The top three destinations are 🇹🇷 Türkiye, 🇺🇸 United States, 🇲🇦 Morocco.

Within the EU, the leading importers of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms are 🇮🇹 Italy, 🇦🇹 Austria, 🇩🇪 Germany. 🇮🇹 Italy accounts for 36.7% of EU imports.

In 2025, imports were declining (-14.1%) and exports falling sharply (-47.4%) compared to the previous year.

Frequently Asked Questions

Who is the main supplier of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms to the EU?

The main extra-EU supplier of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms (NC8 7203) is 🇷🇺 Russia, accounting for 46.7% of European imports over the period Jan 2022-Mar 2026.

What is the EU trade balance for IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms?

The extra-EU trade balance for IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms (NC8 7203) is €-3.4B over the period Jan 2022-Mar 2026 (imports: €3.5B, exports: €37.0M).

How much does the EU import of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms?

The EU imported €3.5B of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms (NC8 7203) from third countries between Jan 2022 and Mar 2026, representing 10.8B kg in volume.

What is the average import price per kg of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms?

The weighted average import price of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms (NC8 7203) is €0.3222/kg over the period Jan 2022-Mar 2026.

Which EU member state imports the most IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms?

The leading EU member state importer of IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms (NC8 7203) is 🇮🇹 Italy, accounting for 36.7% of EU imports.

In 2025, imports were declining (-14.1%) and exports falling sharply (-47.4%) compared to the previous year.

1	🇷🇺 Russia	€1.6B	46.7%	4.3B kg
2	🇺🇸 United States	€677.8M	19.5%	1.9B kg
3	🇱🇾 Libya	€431.9M	12.4%	1.5B kg
4	🇻🇪 Venezuela	€431.8M	12.4%	1.5B kg
5	🇨🇦 Canada	€96.0M	2.8%	456.1M kg
6	🇶🇦 Qatar	€43.2M	1.2%	132.4M kg
7	🇮🇳 India	€938K	0.0%	242K kg
8	🇬🇧 United Kingdom	€867K	0.0%	746K kg
9	🇯🇵 Japan	€782K	0.0%	135K kg
10	🇲🇾 Malaysia	€623K	0.0%	1K kg

#	Country	Value (EUR)	Share (%)	Weight (kg)
1	🇹🇷 Türkiye	€17.3M	46.8%	46.6M kg
2	🇺🇸 United States	€7.7M	20.8%	7.1M kg
3	🇲🇦 Morocco	€4.3M	11.7%	11.2M kg
4	🇳🇴 Norway	€2.2M	6.0%	442K kg
5	🇬🇱 Greenland	€758K	2.1%	395K kg
6	🇹🇳 Tunisia	€508K	1.4%	71K kg
7	🇲🇾 Malaysia	€431K	1.2%	455K kg
8	🇨🇭 Switzerland	€304K	0.8%	14K kg
9	🇨🇺 Cuba	€289K	0.8%	98K kg
10	🇮🇸 Iceland	€128K	0.3%	54K kg

#	Partner	Value (EUR)	kg	€/kg	Share
1	🇷🇺 Russia	€1.6B	4.3Bt	€0.3754/kg	49.1%
2	🇺🇸 United States	€677.8M	1.9Bt	€0.3612/kg	20.5%
3	🇱🇾 Libya	€431.9M	1.5Bt	€0.2908/kg	13.1%
4	🇻🇪 VE	€431.8M	1.5Bt	€0.2935/kg	13.1%
5	🇨🇦 Canada	€96.0M	456.1Mt	€0.2105/kg	2.9%
6	🇶🇦 Qatar	€43.2M	132.4Mt	€0.3266/kg	1.3%
7	🇮🇳 India	€938K	242Kt	€3.88/kg	0.0%
8	🇬🇧 United Kingdom	€867K	746Kt	€1.16/kg	0.0%
9	🇯🇵 Japan	€782K	135Kt	€5.79/kg	0.0%
10	🇲🇾 Malaysia	€623K	1Kt	€447.68/kg	0.0%

#	Partner	Value (EUR)	kg	€/kg	Share
1	🇹🇷 Turkey	€17.3M	46.6Mt	€0.3716/kg	51.0%
2	🇺🇸 United States	€7.7M	7.1Mt	€1.09/kg	22.6%
3	🇲🇦 Morocco	€4.3M	11.2Mt	€0.3838/kg	12.7%
4	🇳🇴 Norway	€2.2M	442Kt	€5.02/kg	6.5%
5	🇬🇱 GL	€758K	395Kt	€1.92/kg	2.2%
6	🇹🇳 Tunisia	€508K	71Kt	€7.15/kg	1.5%
7	🇲🇾 Malaysia	€431K	455Kt	€0.9475/kg	1.3%
8	🇨🇭 Switzerland	€304K	14Kt	€22.15/kg	0.9%
9	🇨🇺 CU	€289K	98Kt	€2.95/kg	0.9%
10	🇮🇸 Iceland	€128K	54Kt	€2.37/kg	0.4%

#	Partner	Value (EUR)	kg	€/kg	Share
1	🇷🇺 Russia	€1.6B	4.3Bt	€0.3754/kg	49.1%
2	🇺🇸 United States	€677.8M	1.9Bt	€0.3612/kg	20.5%
3	🇱🇾 Libya	€431.9M	1.5Bt	€0.2908/kg	13.1%
4	🇻🇪 VE	€431.8M	1.5Bt	€0.2935/kg	13.1%
5	🇨🇦 Canada	€96.0M	456.1Mt	€0.2105/kg	2.9%
6	🇶🇦 Qatar	€43.2M	132.4Mt	€0.3266/kg	1.3%
7	🇮🇳 India	€938K	242Kt	€3.88/kg	0.0%
8	🇬🇧 United Kingdom	€867K	746Kt	€1.16/kg	0.0%
9	🇯🇵 Japan	€782K	135Kt	€5.79/kg	0.0%
10	🇲🇾 Malaysia	€623K	1Kt	€447.68/kg	0.0%

EU External Trade - IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms

Analysis

Trade Partners

Import Partners (Top 10)

Frequently Asked Questions

Analysis

Trade Partners

Import Partners (Top 10)

Export Partners (Top 10)

Interactive Charts

Trade value (2022–2025)

Import sources

Export markets

EU Member States

Trade value (2022–2025)

Import sources

Export markets

EU Member States

EU External Trade - IRON AND STEEL, Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94|%, in lumps, pellets or similar forms

Frequently Asked Questions

Related Pages

Export Partners (Top 10)

Interactive Charts

Trade value (2022–2025)

Import sources

Export markets

EU Member States

Trade value (2022–2025)

Import sources

Export markets

EU Member States